Drew Bell | Bell Properties - My Home Group

Drew Bell

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$146,528	$146,528	$359,100
Remaining term (yrs)	20.7	20.7	30.0
Secondary amount	$0	$212,572	$0
Funding fee	$0	$0	$0
Note rate	3.180%	3.180%	7.400%
Blended rate	4.030%	6.232%	7.640%
1st payment	$802.29	$802.29	$2,486.34
2nd payment	$0.00	$1,372.86	$0.00
Taxes / mo	$110.42	$110.42	$110.42
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$123.47	$123.47	$71.82
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$1,186.18	$2,559.04	$2,818.57
Cash to close	$252,472	$39,900	$39,900